bloody market

[amos77978]

is the uniswap airdrop the reason for the bloody market as we can all see?? millions of dollars wer airdrops to over 80k ethereum addresses and more are still being given out for free..

will the market pickup anytime soon?? is it safe to buy ethereum at this price.. ?? or I wait ??

[bitcoinsvrocks]

I think was something to do with fear on the stock market, yesterday a few Tech stocks went down, and Gold and Silver are also down.
UNI has nothing to do with the drop in Crypto prices.

[crwth]

It could be part of that as thousands of people probably received airdropped and sold at market price causing the dump on different markets. We couldn't really verify if it is because of that but all of the markets again are getting red and it could be worse. One thing we could do is buy more if you have the money for it, it's basically in a discounted rate for that. I hope the market rises soon.

[maydna]

is the uniswap airdrop the reason for the bloody market as we can all see?? millions of dollars wer airdrops to over 80k ethereum addresses and more are still being given out for free..

will the market pickup anytime soon?? is it safe to buy ethereum at this price.. ?? or I wait ??

I think people sell their bitcoin and altcoin to join in the defi party because I think they will make a lot of money from the defi. But that can't be why the crypto market is going down because there will be other reasons that we don't know.

If you want to buy ethereum, I think you can buy it right now because the ethereum price has dropped a lot. We can't say it is safe to buy ethereum at a price or not because we don't know if the price will go down for more or bounce to the high price. Just make sure you analyze before you buy, so you know what price you should buy ethereum.

[Twinkledoe]

It could be part of that as thousands of people probably received airdropped and sold at market price causing the dump on different markets. We couldn't really verify if it is because of that but all of the markets again are getting red and it could be worse. One thing we could do is buy more if you have the money for it, it's basically in a discounted rate for that. I hope the market rises soon.

But buy only with your money that you can afford to lose because in this market, we have no assurance if we can get profits or even get back our initial funds. Though it is good time to buy for example btc or eth, because the chance of increasing their value in the next coming months is high. However, for other tokens especially DeFi, we can't really be sure of their future, if there's really future in most of them.

[crwth]

~snip
But buy only with your money that you can afford to lose because in this market, we have no assurance if we can get profits or even get back our initial funds. Though it is good time to buy for example btc or eth, because the chance of increasing their value in the next coming months is high. However, for other tokens especially DeFi, we can't really be sure of their future, if there's really future in most of them.

You know, I always say that. "What you can afford to lose" but what happens is I still input money hoping to get a profit. It hurts to lose money, but that's a risk you should take, or else you won't gain anything. We are getting eaten by these whales because it's easy for them. That's the sad part because they can; all we small fries get drowned and just lose all the invested money. For DeFi, it's just another term for these fundings so that the strongest DeFi will survive, the legit ones.

I'm all for the increase in the value in the next coming months but why do you think it would rise?

[Iyeman]

It's not but the main causes of this correction should be bitcoin and just take a look at how people were feeling panic to convert their altcoin to the USDT or bitcoin. The sudden drop happened when bitcoin has been getting a small correction because people were feeling worried if bitcoin can go even lower and break $10k support.

Just take a look at the news sites too and you will get more reason about what fundamental that has made bitcoin gets a correction.

The UNI airdrop didn't make a lot of big changes.

[xDeFixSolutionSx]

The reason is traditional market, there are a lot of traditionals felt down because of the second wave of coronavirus.

[Leonard2016]

The global market dumped a bit and it affected bitcoin also , I was checking that gold felt around -3% , silver -8% , It must has some political or economical reason , But I'm pretty sure it is not because of UNI airdrop .

[JeffBrad12]

You should see whether bitcoin has a chance to go below 10k or not because the volatility of ethereum totally depends on bitcoin at this moment. Ethereum can go even lower if bitcoin will be going down to break the support floor.

Just take a look at the condition of market and it looks like everything is starting to bumping again as the recovery signal has already appeared. Uniswap is not the reason why the market is going down but it looks like a natural correction is happening with market after a big surge in the price of crypto.

You should wait or try to buy a small amount of ether.

[3meek]

The reason is traditional market, there are a lot of traditionals felt down because of the second wave of coronavirus.

I agree that the bloody market happened because of the news about the second wave of COVID-19... However, I hope that the March situation will not happen again!

[NeuroticFish]

is the uniswap airdrop the reason for the bloody market as we can all see?? millions of dollars wer airdrops to over 80k ethereum addresses and more are still being given out for free..

Most probably not. And about those "millions", keep in mind that some won and many got burned already.

will the market pickup anytime soon?? is it safe to buy ethereum at this price.. ?? or I wait ??

There are a couple of rules in investing. I didn't invent them. You can follow them or not, your problem.
1. Invest only money you can afford to lose.
2. Keep in mind that crypto is high-volatility and high risk market.
3. Many say that 50% of your portfolio should be Bitcoin.
4. There's no best time to invest. But buying smaller amounts over longer period of time use to be a good strategy.

About buying ETH (or whatever) "rule" #4 gives you the answer. However, also keep #1-#3 in mind.

[Yaunfitda]

is the uniswap airdrop the reason for the bloody market as we can all see?? millions of dollars wer airdrops to over 80k ethereum addresses and more are still being given out for free..

will the market pickup anytime soon?? is it safe to buy ethereum at this price.. ?? or I wait ??

No, you have to look outside of the box, the global market stumble as well, and with the so called correlation with crypto market, it has impacted us as well. And there's this news that UK will have to implement a second phase of the lockdown. So there's a lot of negative news lately that has affected the crypto market. Nasdaq, Dow Jones and S&P are all down right now.

[meanwords]

is the uniswap airdrop the reason for the bloody market as we can all see?? millions of dollars wer airdrops to over 80k ethereum addresses and more are still being given out for free..

will the market pickup anytime soon?? is it safe to buy ethereum at this price.. ?? or I wait ??

I don't think Uniswap airdrop had any effect on yesterday's crypto price drop. Even UNI makes the value of transactions in the crypto market increase because UNI transactions alone in 24 hours reach 2 billion dollars. Maybe yesterday's crypto price drop was due to negative news sentiment but I think it's temporary

The thing we are talking about is the price not the amount of transactions. Base on your statement, UNI has been doing a lot of transactions lately, it's plausible that a lot of people are exchanging their tokens to sell in different markets which in turn had an effect in the overall market of cryptocurrencies, especially Bitcoin. There's no doubt that UNI's airdrop have value and people, especially airdrop participants, are not going to miss this opportunity to profit big.

[niksdt101]

is the uniswap airdrop the reason for the bloody market as we can all see?? millions of dollars wer airdrops to over 80k ethereum addresses and more are still being given out for free..

will the market pickup anytime soon?? is it safe to buy ethereum at this price.. ?? or I wait ??

Everyone who got free UNI has sold at least 50% of it unless they got more than 400. That will create a down movement probably. Also BTC options close to 1 Billion is going to expire this coming Friday. So market is just reacting to it.

[judeafante]

This is not thee first not the last time and there are a lot of factors why is this happening UNI, the high fee whales dumping their coin newbies following the market drop and selling their share, we must not focus on one scenario, sometimes different scenarios or factors contributed to dump, ut the market will eventually get up.

[Akiko]

is the uniswap airdrop the reason for the bloody market as we can all see?? millions of dollars wer airdrops to over 80k ethereum addresses and more are still being given out for free..

will the market pickup anytime soon?? is it safe to buy ethereum at this price.. ?? or I wait ??

.
I don't think this is the reason , uni tokens is not related to other crypto currency and it will not also trigger the market to create dump . Also they give free money so i don't think this can have bad affect in the market since many traders is also looking for opportunity having this coins . Having a demand of that currency means new cycle of money  and it will not create negative impact in the market

[ampu]

UNISWAP cannot be the cause of the market crash. Other markets such as foreign exchange, stocks, gold are all devalued this time, and Bitcoin is no exception. UNISWAP is just a small part of the market and UNI is listed on many exchanges and it is highly liquid with many currency pairs, not just Bitcoin.

[malikg18]

Market started crash before Uniswap. Uniswap is not the main reason of this crash. Market was in Bearish Market before this.But after Uniswap it is dumping more day by day. I think this is not correction But manipulation.

[imstillthebest]

uniswap airdrop are limited and its not the reason on the red market that we see . did i just said market ? yes because all cryptos are in it    . you can say that those have recieve airdrop coins on uniswap are now selling but uniswap coin is the only coin that shall fall not bitcoins or other altcoins  . uniswap coin did just fell off almost half of its ath  but i dont feel sad with that fact .  if that happens on my favorite coins , ill despair too much and i cant easily forget it . i dont know the eth price right now but you can invest on it any date of the month  or any month of the year , no restrictions being applied on this coin